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High Mark Apartments Multifamily Development
For Sale
Contact for pricing
Pending

188 16th Ave, Dayton, TN 37321

Thirty single-level units offer one- and two-bedroom layouts near shops, restaurants, and High Mark Shopping Center.

Property Size27,400 SF
Lot Size4.00 Acres
Days on Market143

Property Features for 188 16th Ave

General Information

Standard status Pending
Size 27,400 SF
Lot size 4.00 Acres
Property subtype Multifamily

Units

Unit Mix 7 x 1BR/1BA (788 SF), 23 x 2BR/2BA (950 SF)
Multifamily Units 30

Building Details

Stories 1
Listing Agency: Keller Williams Realty
Listed By: Charles Davis · License #TN 329507
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 30 at 4:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

Investment Insights

Based on property information with market context.

High Mark Apartments is a multifamily development under construction with 30 single-level residences. The planned unit mix includes seven one-bedroom, one-bath apartments measuring 788 square feet and 23 two-bedroom, two-bath apartments measuring 950 square feet. Combined building area is approximately 27,400 square feet, with estimated completion scheduled for July 2023. The 4-acre property also includes ample parking and is designed with multiple upgrades and efficiencies.

The development is adjacent to High Mark Shopping Center and within walking distance of shops and restaurants. Downtown Dayton, Bryan College, and the expanded La-Z-Boy manufacturing facility are within a 5-minute drive. Dayton is located in Rhea County along the Tennessee River, approximately 30 miles north of Chattanooga, 70 miles south of Knoxville, and 110 miles east of Nashville.

The surrounding employment base includes the Nokian Tires manufacturing facility, which has more than 400 employees, and La-Z-Boy’s local expansion, associated with more than 115 new jobs.

Key Highlights

  • 30 single‑level apartments under construction
  • Unit mix includes 7 one‑bedroom and 23 two‑bedroom apartments
  • One‑bedroom units measure 788 square feet; two‑bedroom units measure 950 square feet

Property Analytics

Current Use

Dayton Internal Medicine ... Medical Clinic Dayton Internal Medicine ... Physician Ms. Megan Chapman Physician Lookout Medical Services Medical Supply Store Dr. Gregory D. ... Pediatrician

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Dental Office HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30
Residential units

Location Intelligence

Trade Area within ½ mile

240
Businesses Nearby

Demographics for 37321, TN

19,823
Population
8,947
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
114.0 sq mi
ZIP Area
174
Density / Sq Mi
$59,182
Median Household Income
$35,883
Median Earnings
$819
Median Rent
$168,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Thirty single-level units offer one- and two-bedroom layouts near shops, restaurants, and High Mark Shopping Center.
Where is this apartment building located?
The property is located at 188 16th Ave Dayton, TN.
What are key features of this property?
This property features: 30 single‑level apartments under construction; Unit mix includes 7 one‑bedroom and 23 two‑bedroom apartments; One‑bedroom units measure 788 square feet; two‑bedroom units measure 950 square feet
(770) 252-2266 Call to check price and availability
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